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BlackRock buys $200M in Bitcoin as price breaks $80,000, signaling strong institutional demand.

Market News
27 Aug 2026
UToday
View Source
Bullish
pluang ai news

BlackRock has purchased $200.76 million worth of Bitcoin amid a price surge that pushed Bitcoin above the $80,000 mark. This move highlights sustained institutional interest in Bitcoin, supported by steady inflows into Bitcoin ETFs. Despite recent volatility, BlackRock's renewed buying signals confidence in Bitcoin's bullish momentum, potentially setting the stage for further price gains as institutional demand remains strong.

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